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Maintenance grant — new system eligible students who are 2010 cohort students or 2012 cohort students

43.—(1) The maximum amount of maintenance grant available to a new system eligible student who is a 2010 cohort student or a 2012 cohort student in respect of an academic year is £5,161.

(2) A new system eligible student who is a 2010 cohort student or a 2012 cohort student and who qualifies for a maintenance grant in respect of an academic year receives an amount as follows in respect of that year—

(a)where the household income is £18,370 or less, the eligible student receives £5,161;

(b)where the household income exceeds £18,370 but does not exceed £26,500, the eligible student receives an amount equal to M − A, where M is £5,161 and A is £1 for every £3.653 by which the household income exceeds £18,370;

(c)where the household income exceeds £26,500 but does not exceed £34,000, the eligible student receives an amount equal to RM − A, where RM is £2,936 and A is £1 for every £4.18 by which the household income exceeds £26,500;

(d)where the household income exceeds £34,000 but does not exceed £50,020, the eligible student receives an amount equal to SM − A, where SM is £1,142 and A is £1 for every £14.67 by which the household income exceeds £34,000;

(e)where the household income is £50,020, the eligible student receives £50; and

(f)where the household income exceeds £50,020, no maintenance grant is payable.

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